Financial Performance - Symbotic Inc. reported revenue of $550 million for Q2 FY2025, a 40% increase from $393 million in Q2 FY2024 [1][2][3] - The company experienced a net loss of $21 million in Q2 FY2025, an improvement from a net loss of $55 million in the same quarter of the previous year [1][2] - Adjusted EBITDA for Q2 FY2025 was $35 million, compared to $9 million in Q2 FY2024 [1][2][3] Cash Position - Cash and cash equivalents increased by $52 million from the previous quarter, totaling $955 million at the end of Q2 FY2025 [2] - The company reported a free cash flow of $249 million for Q2 FY2025, up from $197 million in Q2 FY2024 [23] Future Outlook - For Q3 FY2025, Symbotic expects revenue between $520 million and $540 million, with adjusted EBITDA projected to be between $26 million and $30 million [4] - The company aims to enhance project execution and invest in future growth and innovation [3] Operational Highlights - Symbotic achieved a record number of system starts and completions during the second quarter [3] - The company is focused on product innovation and improving margins, indicating a strong operational strategy moving forward [3]
Symbotic Reports Second Quarter Fiscal Year 2025 Results